Aveneir
-
We seem to be taxed on our National Insurance Payments
This query has been raised previously but the reply wasn't clear. I have used the gross income and tax (PAYE) paid figures from my P60 to complete my Self Assessment (SA). Gross income includes both tax & National Insurance (NI) payments but only the tax is deducted at the end to calculate tax owed. I am therefore paying income tax on my NI payments. Is this the correct procedure?